– Industrial Production Plunges For 9th Straight Month – Longest Non-Recession Streak In 100 Years:
For the 9th month in a row, US Industrial Production declined YoY – down by 1.4% – with 0.4% monthly drop twice as bad as expected. Every subcomponent of the data also declined markedly. Most worryingly, and despite near record highs in stocks, this is the longest streak of IP weakness without a broad economic recession in US history… it’s different this time?
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